Equal-WT
WhaleScore 2.0
?
RUBRIC CAPITAL MANAGEMENT LP
NEW YORK NY
Investment Advisor
Hedge Fund
Rubric Capital Management is based out of New York. Rubric Capital Management is a hedge fund with 6 clients and discretionary assets under management (AUM) of $4,125,534,703 (Form ADV from 2024-10-01). Their last reported 13F filing for Q1 2025 included $5,580,219,427 in managed 13F securities
and a top 10 holdings concentration of 58.92%. Rubric Capital Management's largest holding is Talen Energy Corp with shares held of 6,123,500. Whalewisdom has at least 37 13F filings, 31 13D filings, 117 13G filings, and 24 Form 4 filings
Investment Strategy
The Firm employs a value-oriented long/short strategy comprised of deep-value long positions and an alpha short book. The goal is to achieve capital appreciation and maximize risk-adjusted absolute returns. They seek to maintain a low net exposure, believing that individual stock selection is more important than broad market movements. The Firm uses a fundamental and multi-year perspective to identify core investments from equities and debt across all sectors, implementing a disciplined approach to risk management and capital preservation.
The success of the long/short strategy depends on identifying undervalued securities to purchase and overvalued securities to sell short. The Accounts typically hold 50 to 100 long positions, sized at 1% to 8% of net equity, and 70 to 120 short positions, targeted at roughly half the weighting of the long side, or 0.5% to 4%. However, these numbers can vary based on market opportunities and stock liquidity. The identification of investment opportunities in the implementation of the Firm’s long/short investment strategies is a difficult task, and there are no assurances that such opportunities will be successfully recognized or acquired.
Owners
- RUBRIC CAPITAL MANAGEMENT GP LLC - GENERAL PARTNER
- ROSEN, DAVID, EFRAIM - LIMITED PARTNER
- NACHMANI, CHANAN, MICHAEL - CHIEF OPERATING OFFICER
- KLEINHAUS, BRIAN, WOLF - GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
- KOSSAKOWSKI, MARGARET - CHIEF FINANCIAL OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| FTAI FTAI Aviation Ltd | 5.26% |
| TEVA Teva Pharmaceutical | 2.23% |
| VST Vistra Corp | 1.99% |
| GLNG Golar LNG Ltd | 1.92% |
| MCY Mercury General Corp | 1.83% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU (PUT) | 15.04% |
| IWM iShares Russell 2000 (PUT) | 14.38% |
| VTRS Viatris Inc | 3.22% |
| UAL United Airlines Hold | 1.24% |
| FLR Fluor Corporation | 0.84% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| TLN Talen Energy Corp | 21.91% |
| TEVA Teva Pharmaceutical | 7.04% |
| GLNG Golar LNG Ltd | 6.11% |
| FTAI FTAI Aviation Ltd | 5.26% |
| QDEL QuidelOrtho Corporat | 3.85% |
2025-03-31
13F Activity
| Market Value | $5.58b, Prior: $7.79b |
| Inflows (Outflows) as % of Total MV | (-17.5116)% |
| New Purchases | 12 stocks |
| Added To | 25 stocks |
| Sold out of | 16 stocks |
| Reduced holdings in | 9 stocks |
| Top 10 Holdings % | 58.92% |
| Turnover %[1] | 34.57% |
| Turnover Alt %[2] | 21.52% |
| Time Held Top 20 | 4.1 quarters |
| Time Held Top 10 | 4.6 quarters |
| Time Held All | 6.92 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31